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Letter to the Editor

CARSTAR Grows By Seven Locations in June 2007

“We are in a major growth phase”, said CARSTAR Director of Franchise Sales, Paul Evans. “We are seeing more potential franchisees coming to us than ever before, asking the right questions about joining the ranks of the CARSTAR family, demonstrating a willingness to improve, and a desire to be better tomorrow than they are today. Not only are we seeing new store growth, but a 30 percent portion of our total U.S. store count was contributed by owners who have added additional facilities since joining CARSTAR.”

CARSTAR said it continues to outpace the industry, with same store sales in the U.S. ahead of last year by 7.8 percent, in spite of recent reports of an industry-wide downturn.

CARSTAR Chairman and CEO Richard Cross noted, “We are about to reach 'breakaway scale' at CARSTAR. We are becoming one of those rare companies that come up every now and then, that make extraordinary things happen in their industry. It is truly an exciting time for us and while our scale will continue to give us leverage within the industry, it is interesting to note that each of our locations are individually owned and operated. It is absolutely the best of both worlds for our franchisees - independence, and the comfort of knowing they are part of something much bigger. Said differently, the whole is genuinely greater than the sum of our parts.”

The new CARSTAR shops include: Carmel Auto Body CARSTAR (Owner Peter Ferrone) of Carmel, NY – Premier Collision CARSTAR (Owner Mike Miller) of Colorado Springs, CO – Collision Specialties CARSTAR (Owner Mike Law) of Seattle, WA – Collision Specialties 3 CARSTAR (Owner Mike Law) of Lynwood, WA – and CARSTAR Collision Specialties II (Owner Cary Magruder) of Kenmore, WA.

Added locations by existing franchisees include: CARSTAR Collision Care of Downtown Cincinnati (Owners: Mark Theobald, Steve Theobald and Deborah Tighe) of Cincinnati, OH – and Jordan Road CARSTAR Collision (Owner Gary Boesel) of Centennial, CO.

Headquartered in Overland Park, Kansas, CARSTAR is the largest group of auto body repair shops in the North America. The privately held company currently has approximately 270 locations in 27 U.S. states, the District of Columbia, and 115 Canadian locations.

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